Drayton Central sold to SCA for $34.34m by Savills
SCA Property Group has closed another Queensland deal, snapping up the DraytonCentral Shopping Centre in Toowoomba for $34.34million. The off-market transaction was negotiated by Peter Tyson and Jon Tyson of Savills Australia.
Makris Group Adelaide shopping centre sold bringing tally to $181m by CBRE
Makris Group Adelaide’s Hallett Cove Shopping Centre sold for $71 million to South Australian developer Antunes Group. CBRE Head of Retail Capital Markets Pacific, Simon Rooney negotiated the three Adelaide deals on behalf of Makris Group.
A local investor has purchased a modern retail freehold on Sorrento’s main street at 141-147 Ocean Beach Road, Sorrento VIC for $4.85 million on a 1.57% yield by Benson Zhou and Julian Heatherich of Savills Australia.
First Coles Supermarket in South Australia for sale in over 5 years by JLL ,
Coles Victor Harbor for sale. JLL Managing Director SA Ben Parkinson and Joint Head of Retail Investments Australia Jacob Swan have been exclusively appointed to offer 5 Adelaide Road for sale via an Expressions of Interest campaign.
IOOF acquires first large format retail asset $68m negotiated by Colliers
IOOF Investment Services Limited have purchased Great Western Centre, a large format retail centre at 11 John Hines Avenue Minchinbury NSW sold from Minchinbury No 2 Pty Ltd for $68million by Colliers John McCann and Frank Oliveri.
4.5% yield is a regional NSW record for this asset class sold by Savills
Regional NSW retail asset leased to Dan Murphy’s sold for $11.187m at 4.5% by Steven Lerche, National Director, Retail Investments at Savills Australia, who negotiated the sale alongside colleague Andrew Palmer.
7-Eleven sold for $7.6m sets record low 5.14% yield in Queensland by Cushman & Wakefield
7-Eleven at 2009 Sandgate Road Virginia sold to local investor for $7.6m on a 5.14% yield. The low yield represents a new benchmark for a freestanding 7-Eleven in Queensland. The property was marketed as part of Cushman & Wakefield’s National Investment Sales April portfolio, and sold by...
Romper & Co moves from Pop Up to Permanent by CBRE
The Victorian Retail Leasing Team at CBRE have concluded a leasing transaction at 471 Chapel Street, South Yarra, CBRE’s Jason Orenbuch concluded the leasing deal on behalf of a private landlord which saw Romper & Co secure the central Chapel Street location.
New dominant Large Format Retail for sale Melbourne growth corridor by JLL and Stonebridge
The newly constructed Craigieburn Junction Large Format Lifestyle centre for sale. PGIM Real Estate has appointed JLL Nick Willis & Sam Hatcher and Stonebridge Justin Dowers & Philip Gartland to handle an on-market sale.
Regional investments soar, as Coles Swan Hill Shopping Centre sold for above $20 million Stonebridge
A regional Victorian Coles anchored neighbourhood shopping centre has transacted for $20,075,000, representing a yield of 5.08% marketed by Stonebridge Property Group Justin Dowers, Kevin Tong and Philip Gartland.